Inter Bank Fund Transfers

IBFT is a locally and internationally acclaimed concept of transferring funds instantly from one account to another account. In Pakistan, it is done among different (1Link) member banks’ customers, across the country.

The need for IBFT service has grown with increased awareness, education and enhanced lifestyles of people. It not only eliminates the hassle of writing cheques, making Payment Orders (or demand drafts etc.), but also reduces the cost of transaction significantly, while increasing the outreach of customer.

Inter Bank Funds Transfer (IBFT) is a real-time service, where funds are transferred instantly, from one account in a bank to another account of another bank, across the country, round-the-clock.

For Al Baraka Customers, Inter Bank Funds Transfer (IBFT) is currently available on all Al Baraka ATMs.